Small businesses
Small businesses want more help from dept, Sefa amid COVID storm
The department mandated the Sefa to administer the R513-million fund. Around 35,865 applications were received from small businesses. But only 14,800 were fully...
She was hosting a webinar on Tuesday to report back on the president’s commitment made last year to support 1,000 SMMEs and cooperatives within 100 days.
Eskom implemented rolling blackouts this week after 10 generating units broke down in the space of just 48 hours. On Wednesday, it was ramped up to stage four, leaving residential areas and small businesses without electricity for several hours.
Government has moved into top gear to provide help to small businesses and municipalities with two major announcements by Treasury.
Spaza shops and general dealers are being encouraged to take up government’s offer of funding packages intended to help claw them out of a financial black hole, but this will take a while.
Some businesses cannot afford backup generators and remain at the mercy of the power cuts.
Small Business Development Minister Khumbudzo Ntshaveni has revealed that government departments owe service providers over R600 million and are 30 days or more behind in their payments.
Over the last decade, the local economy hasn't been growing to its full potential, which has meant that the economy hasn't been creating enough jobs to stem the tide of unemployment.
Shawn Theunissen says corruption’s shackles are holding back the entrepreneur as they face an increasingly inescapable moral dilemma – pay the bribe for the lucrative tender or opt for legitimacy.
Many business owners have introduced flexitime for workers and are using generators to power the essentials.
'If businesses don’t survive, the economy can’t survive' – Joburg business owners want an explanation from Eskom.
The president engaged the group in Durban on Wednesday night where they told him what their problems are.
Aurik Business Accelerator founder Pavlo Phitidis says every owner must know his business' worth when working with the big players.
It was small business owners who the deputy president saluted, adding that small businesses are where the focus should be.
The bank's Independent Development Evaluation has published a report evaluating engagement in 2004 and 2015.
The City of Cape Town says initiatives are in place to boost the development of small businesses in the metro.
Deputy President Cyril Ramaphosa says tax regimes need to be reformed to promote small business development.
Telecommunications Minister Siyabonga Cwele said there is a need to review the financial sector charters as it relates to the finance to small and informal business.
Real, rapid, and sustainable growth comes from retaining the customers you’ve already won.